ENVI
InactiveFinancials · financial year 2023, abbreviated format
Turnover
€3.5m
EBIT margin
32.1%
Net result
€891,565▲ 16×
2022 · €54,393
Working capital
€2.0m▲ 267%
2022 · €557,310
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
After the dip in 2021 the operating result has climbed two years in a row; 2023 is over 15 times 2022 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1.1m
2023
Net result€0.9m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.6m
2023
Equity€1.9m
2023
Debt€0.4m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.0m
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)13.4
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€3.5m
Operating result€0.3m-€0.5m▲ 38.1%€0.5m▲ 0.5%€0.03m▼ 94.4%€0.08m▲ 186%€1.1m▲ 15×
Net result€0.3m-€0.3m▼ 6.2%€0.4m▲ 15.7%€0.02m▼ 95.9%€0.05m▲ 254%€0.9m▲ 16×
EBIT margin32.1%
Equity€3.0m-€2.3m▼ 22.4%€1.7m▼ 27.0%€1.0m▼ 43.2%€1.0m▲ 5.6%€1.9m▲ 87.4%
Total assets€4.4m-€4.6m▲ 6.3%€3.8m▼ 17.5%€2.5m▼ 34.0%€2.2m▼ 13.7%€2.6m▲ 19.4%
Debt€1.4m-€2.3m▲ 69.2%€2.1m▼ 11.0%€1.5m▼ 27.5%€1.1m▼ 29.0%€0.4m▼ 59.1%
Working capital€1.8m-€1.5m▼ 16.9%€0.9m▼ 39.0%€0.4m▼ 57.3%€0.6m▲ 44.0%€2.0m▲ 267%
Staff (FTE)22.7-21.1▼ 7.0%16.7▼ 20.9%14.8▼ 11.4%14.2▼ 4.1%13.4▼ 5.6%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.6m
Fixed assets
€121,097 ▼ 86.5%
Current assets
€2.5m ▲ 93.7%
Equity and liabilities €2.6m
Equity
€1.9m ▲ 87.4%
Provisions
€257,284 ▲ 156%
Debt
€433,346 ▼ 59.1%
Debt's share of the balance-sheet total falls from 48.6% to 16.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.4m▲
2022 · €437,159
Cash flow
€1.2m▲
2022 · €416,145
Current ratio
5.73▲
2022 · 1.77
Debt to equity
0.23▼
2022 · 1.04
ROE
46.6%▲
2022 · 5.3%
ROA
34.3%▲
2022 · 2.5%
Interest coverage
over 100▲
2022 · 50.63
Debt ≤ 1 year
€433,346▼
2022 · €723,718
Income taxes
€131,356▲
2022 · -€15,375
Staff costs
€1.0m▲
2022 · €920,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €3.5m | - |
| Non-recurring operating income76A | - | - | - | €0.02m | €0.2m | €1.0m | ▲ 511% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €2.2m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.9m | €1.0m | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | -€0.002m | - |
| Other operating charges640/8 | - | - | - | €0.009m | €0.01m | €0.01m | ▲ 8.1% |
| Non-recurring operating charges66A | - | - | - | €15 | €0.002m | €0.03m | ▲ 15× |
| Gross operating margin9900 | €2.2m | €2.1m | €1.9m | €1.4m | €1.4m | €2.5m | ▲ 82.8% |
| Operating profit (loss)9901 | €0.3m | €0.5m | €0.5m | €0.03m | €0.08m | €1.1m | ▲ 15× |
| Financial income75/76B | - | - | - | €15 | €0.006m | €0.05m | ▲ 838% |
| Recurring financial income75 | €0.2m | €0.002m | - | €15 | €0.006m | €0.05m | ▲ 838% |
| Financial charges65/66B | - | - | - | €0.006m | €0.009m | €0.01m | ▲ 39.2% |
| Recurring financial charges65 | €0.02m | €0.007m | €0.01m | €0.006m | €0.009m | €0.01m | ▲ 39.2% |
| Profit (loss) for the period before taxes9903 | €0.5m | €0.5m | €0.5m | €0.02m | €0.07m | €1.2m | ▲ 16× |
| Transfer from deferred taxes780 | - | - | - | - | €0.008m | €0.06m | ▲ 598% |
| Transfer to deferred taxes680 | - | - | - | - | €0.04m | €0.2m | ▲ 413% |
| Income taxes67/77 | €0.2m | €0.1m | €0.02m | €0.005m | -€0.02m | €0.1m | - |
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.4m | €0.02m | €0.05m | €0.9m | ▲ 16× |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.03m | €0.2m | ▲ 598% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.1m | €0.6m | ▲ 413% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | €0.2m | €0.02m | -€0.05m | €0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €4.4m | €4.6m | €3.8m | €2.5m | €2.2m | €2.6m | ▲ 19.4% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.2m | €0.8m | €0.9m | €0.1m | ▼ 86.5% |
| Tangible fixed assets22/27 | €1.1m | €1.4m | €1.2m | €0.8m | €0.9m | €0.1m | ▼ 86.5% |
| Land and buildings22 | - | - | - | €0.2m | €0.1m | €0.1m | ▼ 14.2% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.2m | - | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.003m | - | - |
| Leasing and similar rights25 | - | - | - | €0.3m | €0.5m | - | - |
| Financial fixed assets28 | €0.4m | €0.03m | €0.03m | €0.04m | €0.04m | €0.005m | ▼ 85.9% |
| Current assets29/58 | €2.9m | €3.2m | €2.6m | €1.7m | €1.3m | €2.5m | ▲ 93.7% |
| Amounts receivable within one year40/41 | €1.1m | €3.1m | €2.5m | €1.5m | €1.1m | €2.5m | ▲ 132% |
| Trade receivables40 | - | - | - | €0.6m | €0.8m | €1.7m | ▲ 106% |
| Other amounts receivable41 | - | - | - | €0.9m | €0.2m | €0.7m | ▲ 231% |
| Cash at bank and in hand54/58 | €1.8m | €0.1m | €0.1m | €0.08m | €0.2m | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.03m | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €4.4m | €4.6m | €3.8m | €2.5m | €2.2m | €2.6m | ▲ 19.4% |
| Equity10/15 | €3.0m | €2.3m | €1.7m | €1.0m | €1.0m | €1.9m | ▲ 87.4% |
| Contributions10/11 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €2.7m | €2.0m | €1.3m | €0.6m | €0.7m | €1.6m | ▲ 134% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.3m | €0.8m | ▲ 147% |
| Distributable reserves133 | - | - | - | €0.4m | €0.3m | €0.7m | ▲ 135% |
| Provisions and deferred taxes16 | - | - | €0.07m | €0.07m | €0.1m | €0.3m | ▲ 156% |
| Deferred taxes168 | - | - | - | €0.07m | €0.1m | €0.3m | ▲ 156% |
| Amounts payable17/49 | €1.4m | €2.3m | €2.1m | €1.5m | €1.1m | €0.4m | ▼ 59.1% |
| Amounts payable after more than one year17 | €0.3m | €0.6m | €0.3m | €0.2m | €0.3m | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.3m | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.7m | €1.7m | €1.3m | €0.7m | €0.4m | ▼ 40.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.2m | - | - |
| Trade debts44 | €0.2m | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 41.7% |
| Suppliers440/4 | - | - | - | €0.3m | €0.4m | €0.3m | ▼ 41.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.09m | €0.2m | ▲ 99.5% |
| Taxes450/3 | - | - | - | €0.007m | €0.01m | €0.09m | ▲ 668% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.07m | €0.08m | ▲ 7.6% |
| Other amounts payable47/48 | - | - | - | €0.8m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.4m | €0.02m | €0.05m | €0.9m | ▲ 16× |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 21.5% |
| Operating cash flow (approximation) | €0.8m | €0.7m | €0.8m | €0.4m | €0.4m | €1.2m | ▲ 182% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.2m | -€0.04m | -€0.4m | €0.5m | - |
| Change in cash | - | -€1.6m | -€0.02m | -€0.02m | €0.1m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 12-06-2024 | 2024-00134794 |
| 31-12-2022 | abbreviated format | 07-06-2023 | 2023-00116961 |
| 31-12-2021 | abbreviated format | 16-06-2022 | 2022-20074611 |
| 31-12-2020 | abbreviated format | 16-06-2021 | 2021-22300187 |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23200524 |
| 31-12-2018 | abbreviated format | 13-06-2019 | 2019-18700113 |
| 31-12-2017 | abbreviated format | 15-05-2018 | 2018-12800243 |
| 31-12-2016 | abbreviated format | 30-05-2017 | 2017-14000127 |
| 31-12-2015 | abbreviated format | 28-06-2016 | 2016-22400493 |
| 31-12-2014 | abbreviated format | 26-05-2015 | 2015-13600046 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.